Shiba Inu will soon makes its way onto another cryptocurrency trading platform.
Kraken teased on social media Monday that if its tweet reached 2,000 likes the company would list Dogecoin’s rival token, Shiba Inu, on Tuesday. The tweet has dramatically surpassed that with over 65,000 likes.
The token has not yet appeared on Kraken’s crypto exchange, but while you wait you can trade Bitcoin, Cardano, Ethereum and of course Dogecoin — to name a few.
Just last week, Shiba Inu spiked 30% within a 24-hour period, hitting a record high above $0.00006. Within the week, the coin surged over 166%.
Currently, Shiba Inu is still sitting above Dogecoin with a market capitalization of $37 billion and a price tag of $0.00006776, according to real time data tracked by CoinMarketCap.
What is Shiba Inu coin?
Shiba Inu is a cryptocurrency experiment in decentralized community building, according to Crypto.com. It’s inspired to be similar to Dogecoin.
How to buy Shiba Inu coin in the U.S.
Shiba Inu coin is available to purchase on Crypto.com and eToro.
Coinbase — one of the most popular cryptocurrency trading platforms — also now supports Shiba Inu. If you sign up for a regular Coinbase account, you will also receive $5 worth of bitcoin for free upon verification of ID.
What is cryptocurrency?
Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it isn’t controlled by the government or any other central authority such as a bank.
If you’re interested in investing in other cryptocurrencies such as Dogecoin, Bitcoin, Ethereum and Tether, here are some options to get you started:
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Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips
